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Oct 29, 2012 1:00pm EDT
on the east coast -- philadelphia energy solutions, they are running at a reduced capacity. all of this giving a lift to the price of gasoline on the futures market. as you might expect, investors and traders are anticipating tighter supplies but keep in mind, that is offset by a decrease in demand as investors stay home -- or i should say, drivers stay home in an area that accounts for about 2 million barrels per day of gasoline demand. now, there's another part of the equation. that being the pipelines that helped to bring in the extra gasoline that's needed along the east coast. colonial pipeline, one of the largest, says it is right now looking at contingency plans to shut down in the event its customers, the refiners and some of the terminal operators, either reach capacity or shut down themselves. and at that point they say they might consider shutting down the pipeline. but again, it is a contingency plan right now. from a very rainy maryland, of course we're expecting the higher winds later today, but the rain which has been falling since about -- well, early this morning, continues fo
Nov 2, 2012 1:00pm EDT
the runners so we hope that this year should be the same good fiber and good energy, everything perfect. >> it wouldn't surprise me if there was a lot of that happening. they probably feel that the resources should be directed elsewhere. >> reporter: listen, it's business as usual for the runners, especially those who came from outside of this country. overall the race is not business as usual and a lot of people think the mayor's office really pushed for this because there's about $340 million in economic impact here and thousands of people had already arrived in the city to run this race. back to you. >> thank you, brian. >>> in fact,, the website asking if you think the new york city marathon should run on. the results of their poll coming up. >>> now to scott wapner with a "market flash" today. >> watching sharls es of penske. stronger than expected quarterly profit. shares are down 8% though, reason being -- gross margins were lower than expected and also vehicle pricing disappointed. when you read a little bit deeper in the earnings report, you find out some thin
Nov 1, 2012 1:00pm EDT
licy environment, energy and the like. so the world's a risky place and this is a time of heightened uncertainty. now we talk to clients, we do surveys and our own analysts and they say the material drag on demand looking forward already this year. we think that's why we're a little bit below trend in overall demand growth. and the reality is, any way you slice it there will be some fiscal consolidation in the first half of next year. >> i think it is critical that you get business back on-board. one of the interesting things has been the consumer seems to be holding in there the retail sales numbers have been a lit better, consumer sentiment numbers have been a little better. business equipment and spending numbers haven't. if you can get both those cylinders firing, you could start inching away at the unemployment rate. >> vince, is your baseline hypothesis that something gets done either right before the close of the year or right after the start of the year, no matter who wins, to sort of ameeliorat the situation? >> politicians always do something at the last minute. the problem
Search Results 0 to 2 of about 3